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As the country with the largest number of elderly people, China will certainly have enough potential clients. By the end of 2017, there were 241 million Chinese people, or 17 percent of the population, aged 60 or above. Of them, 158 million - more than 11 percent of the population - were 65 or above, according to data from the National Bureau of Statistics.

As the Concours Mondial de Bruxelles revealed its winners this May, this year's host country, China, saw a sharp increase in the number of medals it picked up at the global wine competition — moving up to fifth place on CMB's list of highest medal winners for 2018.

As the government moved to curb irrational investment, there were no new investment projects in real estate, sports and the entertainment sectors, Gao said.

As the performance of the machinery sector will pick up, it is still able to achieve a 5-percent growth in industrial output for the whole year, it said.

As the Party prepares for the 100th anniversary of its founding, it has brought about China's rapid economic growth and rise as a global power, despite facing challenges at home and abroad amid such challenges as economic inequality and the coronavirus pandemic.